Two of the country's largest hunting and fishing retailers will be joining forces.

Bass Pro Shops has announced an agreement to acquire retail giant Cabela's in a deal worth approximately $5.5 Billion.

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In addition, Bass Pro will enter into a partnership with Capital One to serve as the group's credit card provider.

"Today's announcement marks an exceptional opportunity to bring together three special companies with an abiding love for the outdoors and a passion for serving sportsmen and sportswomen," said Johnny Morris, founder and CEO of Bass Pro Shops.